SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lazarus_Long who wrote (129132)2/25/2001 10:04:38 PM
From: rich4eagle  Read Replies (2) of 769667
 
James, I agree very much with you except the effects of tax cuts won't take place until 2002, thus hardly affecting any recession that is getting started now.

Yes, lowering interest rates is the key to healthy economy and reducing debt is the key to keeping interest rates low. I know it is a sacrilege on this line but the cornerstone of the Clinton Administration was a deal with Greenspan to keep spending under control, pay down the debt, and driving interest rates low, thus creating economic expansion. It worked amazingly well. The recent economic problems are the result of the speculative bubble in .com stocks and their collapse, overzealous rate increases by the fed, the fed ignoring the former, and finally the fed ignoring the effect of rapid increases in energy costs. The three phase watering cooled the economy so fast that we now are faced with recession.

Blowing the budget again will not create any good results especially in the long term.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News